REGISTERED CHARITY NUMBER: 1186286
Report of the Trustees and
Unaudited Financial Statements
FOR THE YEAR ENDED
31 December 2023
for
THE FRANK POSEN CIO
Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH
THE FRANK POSEN CIO
Contents of the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2023
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Page |
Report of the Trustees |
1 |
Statement of Financial Activities |
2 |
Balance Sheet |
3 |
Notes to the Financial Statements |
4 |
THE FRANK POSEN CIO
Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2023
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December2023. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
TheobjectsofthecharityaretheadvancementoftheorthodoxJewishfaithandthereliefofthoseinneed,byreason of
age,ill-health,disability,financialhardshiporotherdisadvantageinparticularbutnotexclusively,byprovidinggrants to
such individuals and to such charitable organisations as the trustees from time to time think fit.
Significant activities
Thecharityhasnotyetbeguntopursueitscharitableobjectivesbutitistheintentionofthetrusteestobegin such
activities in due course.
Public benefit
TheTrusteesconfirmthattheyhavereferredtotheguidancecontainedintheCharityCommission'sgeneralguidance on
publicbenefitwhenreviewingtheTrust'saimsandobjectivesandinplanningfutureactivitiesandsetting the
grantmaking policy.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1186286
Principal address
14 Montpelier Rise
London
NW11 9SS
Trustees
U S Kaplan
M E Posen
B Fischman
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.................................................................
U S Kaplan - Trustee
Page 1
THE FRANK POSEN CIO
Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2023
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2023 |
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2022 |
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Total |
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Total |
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funds |
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funds |
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Notes |
£ |
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£ |
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NET INCOME |
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- |
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- |
RECONCILIATION OF FUNDS |
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Total funds brought forward |
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- |
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- |
TOTAL FUNDS CARRIED FORWARD |
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- |
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- |
The notes form part of these financial statements
Page 2
THE FRANK POSEN CIO
Balance Sheet 31 DECEMBER 2023
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2023 |
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2022 |
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Total |
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Total |
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funds |
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funds |
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Notes |
£ |
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£ |
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NET CURRENT ASSETS |
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- |
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- |
TOTAL ASSETS LESS CURRENT LIABILITIES |
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- |
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- |
NET ASSETS |
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- |
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- |
FUNDS |
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|
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TOTAL FUNDS |
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- |
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- |
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
.............................................
U S Kaplan - Trustee
The notes form part of these financial statements
Page 3
THE FRANK POSEN CIO
Notes to the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Charities
Act 2011. The financial statements have been prepared under the historical cost convention.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2023norforthe year
ended 31 December 2022.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31December2023norfortheyear ended
31 December 2022.
3. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
Page 4